Japan’s economy has contracted unexpectedly because of weak domestic consumption, pushing the country into recession and causing it to lose its position as the world’s third largest economy to Germany. Gross domestic product shrank at an annualized pace of 0.4% in the last three months of 2023, the Cabinet Office said on Thursday, after having […]
TOKYO (AP) — Japan has slipped to the world’s fourth-largest economy as government data released Thursday showed it fell behind the size of Germany’s in 2023. The numbers highlight how the Japanese economy has gradually lost its competitiveness and productivity while the population shrinks as Japanese people age and have fewer children, analysts say. Japan […]
Japan has unexpectedly fallen into a recession after its economy shrank for two quarters in a row. The country’s gross domestic product (GDP) contracted by a worse-than-expected 0.4% in the last three months of 2023, compared to a year earlier. It came after the economy shrank by 3.3% in the previous quarter. The figures from […]
A 28-year-old hiker slipped and plunged 30 feet from a California waterfall, rescuers said. Rescuers responded to the fall at about 3 p.m. Saturday, Feb. 10, at the Tangerine Falls near Montecito, the Montecito Fire Protection District said in a Facebook post. The man injured his hip in the fall and was airlifted from the […]
PepsiCo’s profit rose in the fourth quarter thanks in part to lower charges, though revenue declined slightly. The food and beverage company also said Friday that it is boosting its annual dividend by 7% and plans to buy back about $1 billion of its shares. For the three months ended Dec. 30, PepsiCo earned $1.3 […]
Gilead Sciences (GILD) came up with a mixed fourth quarter late Tuesday as sales of its Covid treatment, Veklury, bolstered sales. But earnings ended up light and undercut GILD stock. X During the December quarter, Gilead earned an adjusted $1.72 per share on $7.12 billion in total revenue. Earnings increased 3% year over year, but […]
Google parent company Alphabet (GOOG, GOOGL) reported its fourth quarter earnings after the bell on Tuesday, missing analysts’ expectations on ad revenue, the heart of the tech giant’s business. The stock slid over 5% lower in premarket trading Wednesday, part of a broad decline for the tech-heavy Nasdaq. Revenue, excluding traffic acquisition costs for the […]
A Kansas teen was impaled by a pair of pliers after slipping and falling on ice, his family says. The “freak accident” happened Jan. 20 in the town of WaKeeney, the boy’s mother, Alicia Zeman, said in a Facebook post, sharing gruesome photos of the aftermath. Joey Zeman was shoveling snow outside his family’s home […]
Cryptocurrencies By Adam Clark Jan 08, 2024, 5:28 am EST Share Reprints In this article BTCUSD ETHUSD SOLUSD ADAUSD DOGEUSD Bitcoin and other cryptocurrencies largely were dropping on Monday. The crypto sector remains on tenterhooks over the potential approval of exchange-traded funds tied to spot trading of Bitcoin, with a regulatory deadline looming Wednesday. Continue reading […]
Oil prices were drifting lower after Saudi Arabia slashed the price for its flagship Arab Light crude to Asian customers, a barometer for how the kingdom sees the demand outlook. Brent crude was down 0.9% at $78.02 a barrel, while WTI was down 1.1% at $73 a barrel. “The decrease was larger than the market […]
By Florence Tan SINGAPORE (Reuters) – Oil prices dipped in early trade on Monday on sharp price cuts by top exporter Saudi Arabia and a rise in OPEC output, offsetting worries about escalating geopolitical tensions in the Middle East. Brent crude fell 9 cents, or 0.1%, to $78.67 a barrel by 0057 GMT, while U.S. […]
US stock futures fell Tuesday, set for a downbeat start to 2024 trading after a winning year that left the S&P 500 just short of a new record high. S&P 500 (^GSPC) futures dropped 0.6%, while Dow Jones Industrial Average (^DJI) futures shed 0.5%, or about 180 points. Contracts on the tech-heavy Nasdaq 100 (^NDX) […]